I recently got a Tax Identification Number for a business, but my friend is telling me that I stole his company. A company that he doesn't have a Tax Identification Number, or Business Licenses for. Am I commuting a crime for getting the legal documents for me to own the company?
1 Answer from Attorneys
Based on the facts that you describe, it appears this is a civil, and not a criminal matter. Our nation's courts hear both civil and criminal claims. Criminal charges can result in jail time, civil complaints can result in an award of money or an order from the court to do/ not to do some particular action. If your friend believes that you've 'stolen' his company, he will need to pursue his complaint against you in a civil court where it will be for a judge to decide if your friend's claim has merit.
Related Questions & Answers
Family business been around since 1998, became a single member LLC in Ohio in 2013... Asked 2/01/17, 1:15 pm in United States Ohio Business Law
Can foreigners start an LLC in the United States of America? Asked 1/13/17, 10:58 am in United States Ohio Business Law
How do I start a single LLC company with multiple names/divisions? Asked 11/16/16, 10:35 am in United States Ohio Business Law
If I signed a non-compete agreement (4) years ago and recently (April of 2016) left... Asked 8/01/16, 7:54 am in United States Ohio Business Law
I can't get in contact with my photographer from my wedding for 3 months now. He was... Asked 7/11/16, 8:14 am in United States Ohio Business Law